WALTHAM, Mass. – July 15, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) has once again been named the world’s largest language service company by Common Sense Advisory (CSA), an independent market research firm.

This is the fourth consecutive year that Lionbridge has topped CSA’s list of global language providers. In their annual report, The Language Services Market 2015, CSA surveyed 860 providers to rank the top 100 providers in the global language services market based on size, revenue and service mix to identify the top performing language services companies around the world.

“Lionbridge’s ranking as the industry leader in language services is a credit to our global teams who drive unparalleled value for our global clients,” said Rory Cowan, CEO, Lionbridge. “As the market for digital content and communications continues to expand, we look forward to delivering innovative solutions that combine global scale technology, proven program management expertise and in-country knowledge for some of the world’s most demanding global brands.”

The CSA report noted that the market for outsourced language services has surpassed $38 billion and is expected to grow at a rate of 6 percent in the coming year. According to the report, as language is not a core competency for most organizations, commercial enterprises across industries must outsource language translation to be able to effectively communicate with their constituents.

Lionbridge, the largest provider on the list, leads the language services industry in market share due to its revenue, ongoing growth and broad portfolio of professional translation and marketing services.

In The Language Services Market 2015, CSA also reviewed the biggest service providers over the past eleven years and named Lionbridge a “perennial list-topper,” as the Company has occupied slots in the top 10 since CSA began their study, eleven years ago.

WALTHAM, Mass. — June 18, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) today announced that Cherwell Software, an innovative IT service management and asset management platform provider, has selected Lionbridge Translation Proxy to translate and manage Cherwell’s multilingual websites and marketing content. Information about the new Lionbridge and Cherwell relationship, including a testimonial video from Cherwell’s Jason Haggar, can be found here.

“As a growing software company, Cherwell prefers to put resources into customer satisfaction, so being able to quickly implement translation services into our website and collateral was of great importance to us,” said Cherwell Software’s Vice President of Marketing, Jason Haggar. “We chose Lionbridge Translation Proxy due to its low overhead, easy implementation and low maintenance and our international prospects and clients have really appreciated that we are now doing business in their native language. Lionbridge’s Translation Proxy has enabled us to continue to grow our business in the double digits in our international and global geographies.”

Lionbridge Translation Proxy allows Cherwell Software to easily manage their multilingual websites by simply controlling their English source website. The Translation Proxy enables Cherwell to create, manage and optimize locally-relevant and globally-consistent websites in any language. In addition, the Lionbridge onDemand portal provides a centralized platform to manage Cherwell’s multilingual marketing and web projects. The ease of use, affordability, and fast turnaround times of both Translation Proxy and onDemand allow Cherwell to expand their multilingual marketing initiatives at their own pace.

“As a high growth company expanding globally Cherwell needs an easy-to-use, efficient solution to manage their multilingual websites and global marketing programs,” said Marc Osofsky, Lionbridge Senior Vice President and General Manager, Global Offerings. “Our Translation Proxy provides a complete solution that combines market-leading technology and proven translation services to speed time to market with high quality marketing content.”

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

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]]>http://www.lionbridge.com/cherwell-software-lionbridge-translation-proxy/feed/0Lionbridge and Rocket Sound Partner to Deliver Integrated Solution for Multilingual Video Game Voice Productionhttp://www.lionbridge.com/lionbridge-and-rocket-sound-partner-to-deliver-integrated-solution-for-multilingual-video-game-voice-production/
http://www.lionbridge.com/lionbridge-and-rocket-sound-partner-to-deliver-integrated-solution-for-multilingual-video-game-voice-production/#commentsMon, 08 Jun 2015 16:02:58 +0000http://ldc.wp.lionbridge.com/?p=4486Rocket Sound Original Source Audio Combined with Lionbridge Global Game Production Solutions Speed Time to Market and Simplify Global Releases for Games Publishers

Waltham, MA and Los Angeles, CA – June 08, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) and Rocket Sound LLC today announced a partnership to provide end-to-end global audio solutions for game titles — from original English voice production to global translation and voiceover services worldwide.

As a world leader in gaming translation and testing solutions, Lionbridge Game Services provides world-class resources, technologies, facilities, processes, and tools for multilingual game production. Rocket Sound is a well-known leader in original English-language voice production for videogames. Together, Lionbridge and Rocket Sound provide a complete suite of voice over audio, localization, testing marketing and community management services to help clients in the games publishing industry connect with their global audiences.

“The game industry is now global and has adjusted its thinking: the ‘new normal’ requires agile end-to-end translation, localization QA, and global voiceover services for simultaneous release of games into multiple markets,” said Tugdual Delisle, SVP Games and Entertainment, Lionbridge. “By partnering with Rocket Sound, the premier audio production company for videogames in North America, we offer clients a robust end-to-end global audio production solution. Together, we are changing the global audio paradigm.”

At the center of the partnership is an end-to-end global audio solution for game titles — from original English voice production to global translation and voiceover services worldwide — providing consistent quality, parity, efficiency, rapid time-to-market, and access to top-industry audio talent for major platform holders and AAA publishers.

“The world of global videogame services evolves quickly. Our partnership with Lionbridge Game Services demonstrates a commitment to stay ahead of our customers’ evolving needs, and provide them with the deepest possible level of support,” said Tom Hays, president of Rocket Sound. “Lionbridge shares our commitment to high quality, and adds a unique global footprint that lets them create a consistent result across languages worldwide. By combining Rocket Sound’s proven ability to get the industry’s best English-language voice performances into games with Lionbridge’s large-scale, top-quality international voice production abilities, we can ensure line-for-line consistency for top-quality videogames released in every market.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

About Rocket Sound

Rocket Sound, LLC operates some of the best-sounding, most flexible audio recording facilities in LA, bringing myriad possibilities for recording actor performances for AAA games and animation. The core of Rocket Sound is a group of key people from the former Technicolor Game Sound Services, the team that provided sound support on such projects as Halo 4, Gears of War, Uncharted, Mass Effect, and many others. Rocket Sound is purpose-built to help our clients succeed in making some of the best-selling interactive entertainment in the world. For years, our team has been a trusted partner in high-stakes projects with unforgiving deadlines and top-rung creative needs. To learn more visit http://www.rocketsound.net.

GeoFluent by Lionbridge Brings Fast, Quality Translation to Thousands of Zendesk Customers to Simplify and Expedite Multilingual Customer Support Ticketing

WALTHAM, Mass., — June 04, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) today announced that GeoFluent® by Lionbridge is now available via the Zendesk cloud-based customer service platform. GeoFluent is the industry’s only cloud-based, real-time translation platform. By integrating GeoFluent with the Zendesk customer service platform, Lionbridge brings fast, quality translation in multiple languages to thousands of Zendesk customers and simplifies and expedites multilingual customer support ticketing.

Quicker time to resolution has been shown to increase international revenue, reduce in-country infrastructure, support costs, and build customer satisfaction. GeoFluent by Lionbridge addresses time to resolution by allowing customer service representatives to instantly translate communications into multiple languages.

“Companies are shifting to manage global customer support centrally through online systems like Zendesk,” said Lionbridge SVP and GM of Global Offerings, Marc Osofsky. “GeoFluent integrated with Zendesk solves the language challenge of real-time response across 40 languages while eliminating the need for costly in-country contact centers.”

Zendesk is a leading cloud-based customer service software company designed to bring organizations and their customers closer together. With more than 57,000 paid customer accounts, Zendesk is used by organizations in 150 countries and territories to provide support in more than 40 languages.

The new Zendesk integration with GeoFluent by Lionbridge makes it possible to:

Reduce costs and time associated with supporting customers across languages and geographies.

Improve customer satisfaction by enabling customer support agents to instantly translate Zendesk messages in real-time for both the customer or site visitor and the customer service agent.

Support more than 40 languages, including English, French, Spanish, German, Italian, Portuguese, Russian, Arabic, Traditional and Simplified Chinese, and Japanese.

The new capabilities are immediately available for both Lionbridge and Zendesk customers. For additional details, please visit http://geofluent.lionbridge.com.

About GeoFluent by Lionbridge

GeoFluent by Lionbridge is a real-time translation technology that provides an additional configuration layer to enable state of-the-art real-time conversations and content sharing with users who speak, read, and write different languages. With cost-effective, real-time translation, global businesses or organizations with multi-lingual customer bases can broaden reach, unlock new revenue opportunities, strengthen customer loyalty and reduce customer support time and costs regardless of language, location or device.

Key features include:

Customization to enable global brand consistency and to ensure high quality automated translation.

Integration to seamlessly embed real time translation with the Zendesk platform.

Security to ensure that sensitive content is maintained in a secure, private workspace.

The Lionbridge Connector, which is powered by Clay Tablet, offers a broad feature set and uses a cloud-based connectivity platform for Oracle WebCenter users. The open platform allows integration with translation processes and technologies to accelerate the flow of content between content owners with minimal effort, while enabling the user to maintain oversight of every step in the process.

With its Gold status, Lionbridge receives the benefit of being able to start developing specializations that will allow them to grow their business, increase their expertise, reach higher levels of customer retention, and create differentiation in the marketplace. Gold members also become eligible to resell all Oracle Technology products and can apply to resell Oracle Applications and Industry Solutions. In addition, they receive access to Oracle account representatives and My Oracle Support updates for all products, discounts on training, limited free assessment/exam vouchers, reduced rates on the purchase of Oracle licenses for internal use, discounts on advances customer services and more. For more information about the benefits of becoming an OPN Gold level partner, please visit: http://www.oracle.com/us/partnerships/index.htm.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

Record revenue of $136.8 million, a year-on-year increase of $16.6 million or 14% compared to the first quarter of 2014.

GAAP net income of $3.1 million, or $0.05 per share based on 62.3 million fully diluted shares outstanding. This marks a year-on-year increase of $1.2 million, or $0.02 per share, compared to the first quarter of 2014.

Non-GAAP adjusted earnings of $8.8 million or $0.14 per share, a year-on-year increase of $4.0 million or $0.06 per share. The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and acquisition-related costs, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

An ending cash balance of $25.2 million.

During the quarter the Company paid down $6 million of bank debt related to the financing of the Company’s recent acquisition of CLS Communication.

The Company acquired 254,000 shares of its common stock in Q1 for an aggregate purchase price of $1.4 million.

The company secured several new customer engagements in the quarter, including a market leader in personal computing solutions, a world leader in family entertainment, a leading brand in the beverage industry, and a leader in defense, aerospace and security, indicating a strong pace of new business beginning the year.

On January 7th, 2015, Lionbridge completed the acquisition of CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets with annual revenue of approximately $80 million.

“As we begin 2015 we are driving positive momentum in several key areas. We are integrating our acquisition of CLS as planned with ongoing opportunities for cost and revenue synergies. Sequential revenue with our largest client was largely stable in Q1 as compared to the prior quarter. Our marketing services offerings continue to accelerate. In fact, excluding revenue from our largest client, standalone revenue grew 10% year-on-year in constant currency excluding CLS,” said Rory Cowan, CEO, Lionbridge. “These positive trends, combined with a favorable currency environment for earnings, suggest solid financial performance in the second quarter and FY 2015.”

Lionbridge provided an outlook for the second quarter of 2015 with revenue of $142-147 million.

Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 800-619-0332 and international callers can dial 210-234-0570. The passcode for the call is Lionbridge. The conference call will also be available live via the Internet www.lionbridge.com.

Non-GAAP Financial Measures

In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for these measures are net income and diluted net income per share and has provided a reconciliation of GAAP net income to adjusted earnings and adjusted earnings per share at the end of this release.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 28 countries. To learn more, visit http://www.lionbridge.com.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance, expected revenue and gross margin growth and outlook, the momentum, pace and strengthening of such growth, of Lionbridge in Q2 2015 and FY 2015, future business with Lionbridge’s largest customer. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to integrate its acquisition of CLS Communication (“CLS”) and the pace of such integration actions; the timing of the realization of any synergies associated with the acquisition of CLS; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; its ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially affect Lionbridge’s business, including a sequential decline in business with our largest customer; Lionbridge’s ability to expand its relationships with existing clients; Lionbridge’s ability to broaden its client base; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the anticipated benefits of expansion of global language workflow technologies; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions and the timing of the realization of such benefits; errors, interruptions or delays in cloud-based technology; breaches of security measures; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate acquisitions and expand its customer relationships and the timing and success of such activities; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; longer collection cycles in particular jurisdictions; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

LIONBRIDGE TECHNOLOGIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three Months Ended
March 31,

(In thousands, except per share amounts)

2015

2014

Revenue

$

136,807

$

120,205

Operating expenses:

Cost of revenue (exclusive of depreciation and amortization included below)

90,550

83,079

Sales and marketing

11,975

9,920

General and administrative

23,868

20,346

Research and development

2,015

1,739

Depreciation and amortization

2,251

1,849

Amortization of acquisition-related intangible assets

998

798

Restructuring and other charges

2,938

335

Total operating expenses

134,595

118,066

Income from operations

2,212

2,139

Interest expense:

Interest on outstanding debt

484

149

Amortization of deferred financing charges

90

27

Interest income

16

19

Other income, net

(2,513

)

(348

)

Income before income taxes

4,167

2,330

Provision for income taxes

1,072

448

Net income

$

3,095

$

1,882

Net income per share of common stock:

Basic

$

0.05

$

0.03

Diluted

$

0.05

$

0.03

Weighted average number of common shares outstanding:

Basic

60,415

60,208

Diluted

62,324

63,506

LIONBRIDGE TECHNOLOGIES, INC.

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(In thousands)

March 31,
2015

December 31,
2014

ASSETS

Current assets:

Cash and cash equivalents

$

25,225

$

36,893

Accounts receivable, net of allowance of $250 at March 31, 2015 and December 31, 2014

77,563

66,479

Unbilled receivables

27,986

25,843

Other current assets

17,338

12,090

Total current assets

148,112

141,305

Property and equipment, net

25,750

23,622

Goodwill

61,589

21,937

Acquisition-related intangible assets, net

45,566

12,232

Other assets

7,288

5,677

Total assets

$

288,305

$

204,773

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Short-term debt

$

2,407

$

—

Accounts payable

25,593

21,885

Accrued compensation and benefits

21,451

17,249

Accrued outsourcing

10,489

10,429

Accrued restructuring

3,587

3,492

Income taxes payable

3,794

2,123

Accrued expenses and other current liabilities

10,914

10,485

Deferred revenue

10,667

11,866

Total current liabilities

88,902

77,529

Long-term debt, net of current portion

90,672

27,000

Deferred income taxes, long-term

4,710

704

Other long-term liabilities

21,367

13,786

Total liabilities

205,651

119,019

Stockholders’ equity:

Preferred stock

—

—

Common stock

644

635

Additional paid-in capital

269,862

272,252

Accumulated deficit

(200,802

)

(203,897

)

Accumulated other comprehensive income

12,950

16,764

Total stockholders’ equity

82,654

85,754

Total liabilities and stockholders’ equity

$

288,305

$

204,773

Reconciliation of GAAP Net Income to Non-GAAP Adjusted Earnings (Unaudited)

Comparison of Three Months Ended March 31, 2015 to Three Months Ended March 31, 2014

WALTHAM, Mass. – April 20, 2015 – Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced a partnership with inRiver to help customers more quickly, efficiently and accurately manage global Web communications across the content lifecycle, from creation and translation to publishing.

“Our partnership with inRiver (PIM) enables global enterprises to create, manage and optimize product information simultaneously for local markets worldwide,” said Rich Tobin, SVP Worldwide Operations at Lionbridge. “By integrating inRiver with Lionbridge’s efficient language automation platforms, we can expedite and simplify our clients’ global content creation, translation and publishing processes while accelerating their time to market by up to 50 percent.”

As the market leader in translation, Lionbridge has decades of experience working with global organizations to address the challenges to global content management, including branded marketing content, product information, websites and more. inRiver is a market leader in Product Information Management (PIM) platforms for efficiently controlling the product flow. The integration of Lionbridge’s proven language automation platform with inRiver’s PIM platform enables enterprises to make translation a seamless process within their product information management processes.

“We have since the inception of inRiver worked according to the thesis that global business is local. Companies are in the global market now – but in the fierce global competition, speaking the same language as your customer is more critical than ever before. The partnership with Lionbridge enables us to offer our global customer and partners the ability to localize their product offering for all their customer touch points for all markets”, said Niclas Mollin, CEO and President at inRiver.

“In order to execute an effective global marketing strategy, localization integration is paramount to achieving an engaging customer experience. In our market we need to be agile and be able to quickly adapt to market demands. It was great to find a partner in Lionbridge that enable us to truly optimize cross-border market launches in a fast and cost-efficient way” said Patrik Back CFO at Hööks, a shared customer of Lionbridge and inRiver.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

About inRiver
inRiver is the market leader for simplifying Product Information Management (PIM) – by putting the power in the hands of the user, we enable multi-channel commerce professionals to visually manage their product information. inRiver is easy to use and can be quickly implemented, radically facilitating the creation, maintenance, and distribution of product information to multiple sales channels in multiple languages. More than 180 customers representing 750 brands worldwide rely on inRiver’s PIM platform for efficiently controlling the product flow for their globally recognized brands. Read more on www.inriver.com

]]>http://www.lionbridge.com/lionbridge-and-inriver-partner-to-streamline-global-web-content/feed/0Lionbridge Named Top 20 Training Outsourcing List Companyhttp://www.lionbridge.com/lionbridge-named-top-20-training-outsourcing-list-company/
http://www.lionbridge.com/lionbridge-named-top-20-training-outsourcing-list-company/#commentsFri, 10 Apr 2015 13:33:57 +0000http://ldc.wp.lionbridge.com/?p=3801Last week, TrainingIndustry.com announced their top 20 Training Outsourcing list, and we are pleased to say that Lionbridge was included as a winner, marking this as their 9th annual TrainingIndustry.com award in the past ten years.

Lionbridge is in great company amongst others on this list, as winners were chosen based on industry visibility, innovation and impact, capability to deliver multiple types of training services, company size and growth potential, strength of clients and geographic reach. In doing so, we’re helping our clients achieve their highest potential on a global scale, which is always our top priority.

This comes as a great honor, especially given how much Lionbridge values evolving and developing our technology and translation services to best meet our clients’ needs. In an increasingly digital landscape that requires more content and translation management than ever before, it’s important that we provide optimal means in cultivating the right skills to meet these expectations. Our technology and services enable our clients to keep up and excel in the learning and development space.

The full list of companies can be viewed here. Congratulations to all of the winners!

]]>http://www.lionbridge.com/lionbridge-named-top-20-training-outsourcing-list-company/feed/0Lionbridge Named One of America’s 100 Most Trustworthy Companies by Forbeshttp://www.lionbridge.com/lionbridge-named-one-of-americas-100-most-trustworthy-companies-by-forbes/
http://www.lionbridge.com/lionbridge-named-one-of-americas-100-most-trustworthy-companies-by-forbes/#commentsWed, 08 Apr 2015 19:32:54 +0000http://ldc.wp.lionbridge.com/?p=3782WALTHAM, Mass. – April 08, 2015 – Lionbridge Technologies (Nasdaq: LIOX), today announced the Company has been recognized for the second consecutive year on Forbes’ list of ‘The 100 Most Trustworthy Companies in America.’ Of the 100 ranked companies, only 10 have appeared on this list at least twice in the past three years, marking a significant milestone for Lionbridge.

To create this list, GMI Ratings, now a part of MSCI ESG Research, screened more than 5,500 publicly-traded North American companies to identify the 100 that most “consistently demonstrated transparent accounting practices and solid corporate governance. The companies are then ranked according to an “Accounting and Governance Risk” (AGR) score on a 100-point scale, which also signifies their level of trust. This year, Lionbridge scored a 93 out of a best possible 100 points, topping its score of 91 in 2014.

“For nearly two decades, we’ve provided our clients, employees, partners and shareholders with the highest level of transparency, integrity and quality. Our commitment to building and maintaining trust is pervasive in each of our 28 locations worldwide and is the reason many of the world’s most prestigious global brands choose Lionbridge as their global partner, quarter after quarter, year after year,” said Rory Cowan, CEO of Lionbridge. “To be recognized once again by Forbes is not only an honor, but a testament to the confidence we have instilled among these important Lionbridge stakeholders.”

According to the Forbes report, the companies that make the list can be relied upon to accurately report financial outcomes, and are typically financial sound, demonstrating strong stock performance, and providing shareholders with greater levels of transparency.

The full Forbes list of ‘The 100 Most Trustworthy Companies in America’ can be accessed here.

About Lionbridge Technologies

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 28 countries. To learn more, visit http://www.lionbridge.com.

WALTHAM, Massachusetts – March 31, 2015 – Lionbridge Technologies, Inc. (NASDAQ: LIOX) today announced a new content management system (CMS) connector for Oracle WebCenter Sites, which will enable current OWCS customers to easily manage multilingual content from their existing platform.

This new offering, which is powered by Clay Tablet, offers the broadest feature set in the market and uses a cloud-based connectivity platform. The open platform allows integration with any translation provider or technology, accelerating the flow of content between the content owner and translation partner with minimal effort, while enabling the user to maintain oversight of every step in the process.

By integrating with Oracle WebCenter Sites, the Lionbridge connector leverages Oracle’s existing experience and excellence in web content management and expands upon them to support multilingual content. Additionally, Oracle users can utilize the Lionbridge connector via a platform they are already comfortable and familiar with, thus eliminating the need to train employees on a new system and ensuring ease of use and quicker user adoption.

“Managing translation within content systems can be challenging, so it is important to have an accessible product that works with customers’ existing global content strategy,” said Jason Hobart, Vice President Digital Channels and Alliances, Lionbridge. “Providing deep integrations for the Oracle Marketing Cloud will enable users to seamlessly manage global content and campaigns and improve the customer experience across channels.”

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains express or implied forward-looking statements, including statements relating to the expected benefits (including cost savings, and improvements in user adoption and turnaround times) improvements) to Lionbridge’s customers. Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include complexity in customer source material and technologies; customer delays or postponements of services using the connector; and the failure of the connector to keep pace with technological changes or changing customer needs. . For a more detailed description of the risk factors associated with Lionbridge, please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2015.

Revenue of $490.6 million, an increase of $1.4 million or 0.3% from the year ended December 31, 2013. Excluding revenue from the Company’s largest client, FY 2014 revenue grew $18.0 million or 5% year-on-year.

GAAP net income of $8.1 million or $0.13 per share based on 63.0 million fully diluted shares outstanding. This compares to GAAP net income of $11.6 million or $0.19 per diluted share in the fourth quarter of 2013.

Non-GAAP adjusted earnings of $25.5 million or $0.41 per share. The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and acquisition-related charges, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

Cash flow from operations of $20.5 million.

Ending cash balance of $36.9 million.

During the year, the Company acquired 1.1 million shares of its common stock under its share repurchase program for an aggregate purchase price of $5.9 million.

Business highlights for FY 2014 include:

Secured more than 20 new engagements with world-leading brands across industry sectors including eCommerce, consumer, consulting, aerospace, automotive, gaming, technology and entertainment, telecommunications and pharmaceutical industries.

Secured a four-year agreement with a large pharmaceutical company estimated to generate more than $80 million over the term of the four-year agreement.

Announced the acquisition of CLS Communication, a market-leader in translation solutions to clients in the financial services, industrial and public sector end markets. Lionbridge completed the purchase CLS Communication on January 7, 2015 for 71.8 million Swiss Francs, or 71.4 million US Dollars. Lionbridge reiterated its expectation that CLS will contribute approximately $80 million in revenue and approximately $0.10 in non-GAAP earnings in FY 2015, depending on the timing of synergies and tax matters.

Continued to successfully scale its global marketing offering aimed at helping global marketing executives manage and optimize digital marketing campaigns in international markets.

Scaled Lionbridge onDemand, a new, online revenue and delivery channel. Within its first year of operation, OnDemand exited 2014 at an annualized run rate of over $4 million with further acceleration expected in FY 2015.

“Despite a $17 million spend reduction from our largest client, we continued to deliver solid growth among most of our top clients, expand our new business momentum, accelerate our vertical market expansion strategy, expand gross margins and generate strong cash flows,” said Rory Cowan, CEO of Lionbridge. “As we enter 2015 it appears the pace of organic growth is accelerating. Our largest account seems to have stabilized at current revenue levels. Unlike most US companies, our earnings model has a favorable strong US dollar bias. We are well on path to recognize the planned synergies of the CLS acquisition. As a result, we continue to expect organic revenue, earnings and cash flow growth in 2015, as well as strong revenue and earnings contribution from CLS.”

Highlights for the fourth quarter ended December 31, 2014 include:

Revenue of $119.7 million, a decrease of $7.8 million, from the fourth quarter of 2013, reflecting an $11.1 million decline from the Company’s largest client year-on-year.

GAAP net loss of $1.2 million, or $(0.02) per share, based on 59.8 million weighted average basic shares outstanding. This compares to GAAP net income of $6.1 million or $0.10 per diluted share in the fourth quarter of 2013.

Non-GAAP adjusted earnings of $6.1 million or $0.10 per share. The Company provided an outlook for the first quarter of 2015 with revenue of $132-140 million, reflecting the current currency environment.

The Company also provided expectations for FY 2015 revenue growth of approximately 18-20% and non-GAAP earnings growth of approximately 50-60% year on year, depending on currency as well as the timing of synergies and tax matters.

Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 888-790-1711 and international callers can dial 517-308-9317. The pass code for the call is Lionbridge. The conference call will also be available on the financial events page of the investor relations section of the Lionbridge website at www.lionbridge.com.

Non-GAAP Financial Measures

In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for these measures are net income and diluted net income per share and has provided a reconciliation of GAAP net income to adjusted earnings and adjusted earnings per share at the end of this release.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 28 countries. To learn more, visit http://www.lionbridge.com.

Forward Looking Statements.

This press release contains forward-looking statements that involve risks and uncertainties, including anticipated customer demand for the Company’s services, expected financial performance, expected revenue and profit growth, and the momentum, pace and strengthening of such growth in FY 2015, the future revenue opportunities associated with our recent four year agreement with a large pharmaceutical company, the expected stabilization of revenue from our largest client as well as the anticipated benefits of the CLS acquisition. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially affect Lionbridge’s business; reorganization or restructuring initiatives of one or more major clients or customers, which may impact such customer’s demand or requirements for Lionbridge’s services; Lionbridge’s ability to expand its relationships with existing clients, including by offering its expanded range of services to existing customers; Lionbridge’s ability to broaden its client base; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the anticipated benefits of expansion of global language workflow technologies; the anticipated growth of its OnDemand, and digital marketing service offerings; the impact of competing technologies and platforms on the Company’s existing customer relationships and ability to secure new customers; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions, and the timing of the realization of such benefits; errors, interruptions or delays in cloud-based technology; breaches of security measures; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate acquisitions, including CLS, and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; longer collection cycles in particular jurisdictions; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors resulting from its services or technologies; For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

WALTHAM, Mass. – January 08, 2015 – Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced that it has completed the acquisition of CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS enhances Lionbridge’s ability to address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide. Headquartered in Zurich, Switzerland, with operations in 10 countries in Europe, North America and Asia, CLS provides Lionbridge with complementary geographic coverage and several long-standing, multi-million dollar relationships with clients in the financial services, industrial, public sector and life sciences markets. The Company has approximately 600 professionals including global program managers, linguists and language technology experts who create, optimize and translate highly complex technical, marketing and regulatory content for world leading brands. “We are pleased to announce the rapid completion of our acquisition of CLS,” said Rory Cowan, CEO of Lionbridge. “Over the past few weeks our enthusiasm about the opportunities for the combined organization has continued to build. With CLS’s high-quality professional services and the complementary nature of our geographic reach and vertical market expertise, it is clear this business combination positions Lionbridge for continued growth, innovation and client service excellence.”

More information about the business combination can be found on the CLS Communication announcement page on lionbridge.com here.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance of Lionbridge following the consummation of the acquisition of CLS Communication, Lionbridge’s ability to achieve the expected synergies, revenue and profitability as a result of the acquisition and the strengthening of Lionbridge’s position in the translation, content and communications market as a result of the acquisition. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the timing, complexity and expense of integration and restructuring activities, Lionbridge’s inability to successfully integrate CLS and its employees into Lionbridge and achieve expected synergies; Lionbridge’s ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of CLS Communications and benefits realized from the acquisition; Lionbridge’s ability to accurately forecast the acquisition related restructuring costs and allocation of the purchase price, goodwill and other acquisition related intangibles and other asset adjustments; costs associated with restructuring of certain European operations; risks associated with management of growth; the failure to keep pace with the rapidly changing requirements of its clients;

termination of customer contracts prior to the end of their term; reorganization or restructuring initiatives of one or more major clients or customers, which may impact such customer’s demand or requirements for Lionbridge’s services; the ability of Lionbridge to expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability Lionbridge’s dependence on clients’ product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

Starting with BoldChat’s signature live chat capabilities, the integration with Lionbridge’s GeoFluent real-time translation allows sales and customer service staff to engage online and mobile customers in their native language by instantly translating the online conversation. As a result, multinational businesses – or even businesses with multilingual customer bases – can significantly broaden their reach, boost brand loyalty and cost-effectively support customers, regardless of language, location or device.

Reduce costs and time associated with supporting customers across languages and geographies through reduced staffing needs and providing chat agents to instantly translate BoldChat messages in real-time for both the customer or site visitor and the customer service agent.

Identify and translate branded terms, industry lexicon, slang, typos and communication shortcuts common in mobile device interactions, resulting in higher quality translation. Agents can also choose to preview translated text and make adjustments, if needed, before sending to the visitor.

Support “language swapping,” where agents can see when a visitor’s language has changed and quickly alter the conversation to adapt to the new language.

Support more than 40 languages, including English, French, Spanish, German, Italian, Portuguese, Russian, Arabic, Traditional and Simplified Chinese, and Japanese.

“Serving today’s connected customer has become both a challenge and an opportunity for businesses. Lionbridge shares LogMeIn’s commitment to empower companies to better engage with their customers across devices, and more importantly, to unlock the inherent possibilities created by this increasing connectivity,” said Steve Castro-Miller, LogMeIn’s vice president of products for BoldChat. “Companies can support global customers and multi-lingual regions in a manner and language that best suits each consumer.”

“By integrating with GeoFluent, LogMeIn has made BoldChat truly global,” said Marc Osofsky, SVP & GM of Global Offerings at Lionbridge. “BoldChat clients can now support customer chats in 40 languages with English only staff. We believe this means improved customer engagement, higher conversion rates and reduced costs.”

The new capabilities are immediately available for customers of both BoldChat Enterprise and Lionbridge. For additional details, please contact sales@boldchat.com.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

About LogMeIn, Inc.
LogMeIn (NASDAQ:LOGM) transforms the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. The company’s cloud services free millions of people to work from anywhere, empower IT professionals to securely embrace the modern cloud-centric workplace, give companies new ways to reach and support today’s connected customer, and help businesses bring the next generation of connected products to market. LogMeIn is headquartered in Boston’s Innovation District with offices in Australia, Hungary, India, Ireland, and the UK.

# # #

LogMeIn is a trademark of LogMeIn in the U.S. and other countries. Lionbridge and GeoFluent are trademarks of Lionbridge.

WALTHAM, Mass. – November 10, 2014 – Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.

Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being funded using Lionbridge’s existing cash and a new credit facility through its long-standing banking partner, HSBC, who is acting as the leading syndicator.

“As organizations continue to expand their online engagement across geographies and channels, the demand for integrated, global-scale translation services is accelerating,” said Rory Cowan, CEO, Lionbridge. “CLS is the ideal partner for Lionbridge with a proven track record of providing high-quality professional solutions to clients in diverse, highly-regulated industries. With highly complementary geographic reach and vertical market expertise, we believe this business combination positions Lionbridge as the clear market leader in global translation and content solutions worldwide.” Headquartered in Zurich, Switzerland, with operations in 10 countries in Europe, North America and Asia, CLS provides Lionbridge with complementary geographic coverage and several long-standing, multi-million dollar relationships with clients in the financial services, industrial, public sector and life sciences markets. The Company has approximately 600 professionals including global program managers, linguists and language technology experts who create, optimize and translate highly complex technical, marketing and regulatory content for world leading brands.

“CLS realizes significant benefits by joining forces with Lionbridge,” said Matthias Trumpy, CEO of CLS Communication. “We expect to gain additional market presence and a proven global delivery platform to complement our existing operations. Our employees and clients will benefit from becoming part of a larger organization with a broader suite of solutions that span the full lifecycle of global content.”

Details about the announcement can be found on the announcement page on Lionbridge.com here.

Lionbridge expects the acquisition to close in the first quarter of 2015.

“As we focus on deploying our language technology, optimizing our combined operations, and reducing redundant overhead costs, we expect rapid synergies of the combined business. This allows us to accelerate our path to double digit EBITDA margin in 2016 as a combined business and accelerate our end market diversification,” continued Cowan.

The acquisition is expected to be accretive to non-GAAP earnings by approximately $0.07 to $0.12 per share in 2015 and accretive to non-GAAP earnings by approximately by $0.17 to $0.22 per share in 2016 depending on tax and timing of synergies.The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and acquisition-related charges, amortization of acquisition-related intangible assets, and stock-based compensation. The financial impact of the acquisition is presented on a non-GAAP basis, as GAAP acquisition-related charges, including, but not limited to, amortization of purchased intangible assets and potential restructuring charges, are not currently determinable.

Union Square Advisors LLC is serving as exclusive financial advisor, and VISCHER Ltd. is serving as legal advisor to Lionbridge. William Blair & Company is serving as financial advisor, and Wenger & Vieli AG is serving as legal advisor to CLS.

Purchase price is based on based on CHF/USD exchange rate of 1.035.

Non-GAAP Financial Measures

In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for these measures are net income and diluted net income per share.

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including expectations for growing demand for the combined companies, Lionbridge’s leadership position after the CLS acquisition, expected sales channels and delivery platform for CLS after the transaction, the expected purchase price and timing to complete the acquisition of CLS, expected synergies of the combined companies, expected revenue for 2015 and earnings 2015 and 2016 related to the acquisition of CLS and expected EBITDA of the combined company in 2016. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; reorganization or restructuring initiatives of one or more major clients or customers, which may impact such customer’s demand or requirements for Lionbridge’s services; the ability of Lionbridge to integrate acquisitions and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability Lionbridge’s dependence on clients’ product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge’s ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of CLS Communications and benefits realized from the acquisition; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov).

WALTHAM, Mass.– Oct., 29, 2014 – Lionbridge Technologies, Inc. (Nasdaq: LIOX), a global leader in providing real-time translation and localization solutions to many of the world’s leading brands, will lead two sessions at Localization World 2014, opening today at The Vancouver Convention Centre. Lionbridge is a Bronze sponsor of the conference, taking place October 29-31, and will exhibit at booth 307.

The two Lionbridge sessions at Localization World 2014 are as follows:

Thursday, October 31 at 11:30 am – Lionbridge CSO and Senior Vice President Paula Shannon will moderate the keynote titled, “Beyond Mobile: Going Digital to Grow,” which features panelists Malcolm Ishida, Director of Localization for eBay Marketplaces, and Loni Stark, Director of Product and Industry Marketing at Adobe Systems, discussing how companies need to keep up with the rapid convergence of traditional commerce and e-commerce to meet customer needs anytime, anywhere.

Thursday, October 31 at 3:30 pm — Mike Richards, Business Development Director at Lionbridge, will co-present a client case study with Ellen Bruseker, Language Services Manager within Intuit’s Globalization Centre of Excellence, to highlight the companies’ joint solution to localize customer support for QuickBooks Online – while improving revenue and customer satisfaction – using GeoFluent, Lionbridge’s real-time translation solution.

“While reaching a global audience today is easier than ever, engaging with customers in new markets requires consideration of culture, context, and channel, as well as nuanced translation of brand messaging,” said Clint Poole, Vice President of Corporate Marketing at Lionbridge Technologies. “For years, Lionbridge has been at the forefront of enabling brands to effectively engage with their customers in local markets worldwide. We look forward to sharing our industry insights at Localization World each year.”

Localization World brings together delegates who are engaged in the business of adapting products, services and communications to an international language or culture. In addition to Lionbridge, executives from Adobe Systems, Caterpillar Inc., Dell Inc., eBay, Google, Intuit, Microsoft, PayPal, SAP, and other leading brands are among the presenters.

The theme of Localization World 2014 is ‘Disruptive Innovation.’ For more information or to attend the conference, please visit www.localizationworld.com.

About Lionbridge

As the world’s largest enterprise crowdsourcing company, Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our proprietary cloud technology platforms and our global crowd of more than 100,000 professional cloud workers we provide translation, online marketing, content management and application testing solutions that ensure global consistency and local relevance across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Note to reporters and editors: Press passes are available with official press credentials by contacting Kevin Watson, kevin@localizationworld.com, at 208-263-8178.

23 October, 2014 — Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that eBay is in production with the Lionbridge onDemand API as a translation partner for its Cross Border Trade initiative in Europe. This integrated solution enables eBay merchants to seamlessly translate product listings within the eBay partner platforms.

Eight of the largest ecommerce platforms used by eBay merchants have integrated Lionbridge directly into their platforms to make translation a seamless process. Lionbridge and eBay expect additional ecommerce providers to join the cross border trade initiative as merchants expand revenue streams across geographies with eBay.

Cross border ecommerce volume in Europe is forecast to reach $130 billion by 2020, according to global consulting firm OC&C Strategy Consultants. eBay is a leader in helping consumers buy from merchants in other countries and a highly automated and efficient translation process is required to enable this activity at eBay’s scale. eBay selected Lionbridge for its market leading onDemand production model that combines the world’s most comprehensive translation API with Six Sigma translation process automation.

“We know that the language barrier is a very real obstacle for businesses looking to sell in to international markets. Alongside shipping, translation is a key strategic focus for the eBay cross border trade programme which supports eBay merchants. By working with Lionbridge and offering translation to thousands of our business sellers, we expect to be able to boost eBay sellers’ cross border sales in Europe”, said Eben Sermon, Senior Director of International Trade, eBay.

Current eBay participating ecommerce platforms include Afterbuy, Channel Advisor, eFulfillment, eSeller Pro, 4Sellers, Linnworks, M2EPro(Magento), and PlentyMarkets. Merchants on these platforms can now select products, click to translate and list in local language markets without ever leaving the platform.

“We have worked closely with the team at eBay for many years and we greatly appreciate the opportunity to work together on this major initiative” said Marc Osofsky, CMO, Lionbridge. “Translation is becoming a feature in ecommerce platforms. This program is an example of what the future holds for global ecommerce.”

The Lionbridge onDemand API is the first translation API that provides support for a broad range of translation options, cost levels and content types. Developed by the world’s largest translation company, the Lionbridge onDemand APIenables technology platforms to write to a single RESTful API, rather than managing separate integrations and custom development with numerous providers.

“As the largest Language Service Provider, and a Forbes Top 100 Trusted Company, Lionbridge is the natural provider of the leading translation API for the ecommerce sector,” said Rory Cowan, CEO of Lionbridge. “Ecommerce requires speed, scale, quality and efficiency in translation for the forecasted cross border ecommerce volumes to become reality. Our onDemand platform is ideally suited to meet these diverse needs.”

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Lionbridge has partnered with Clay Tablet for over five years to provide connectors that link its translation processes and technologies with clients’ content systems from partners such as Adobe, Sitecore and Microsoft. By acquiring Clay Tablet, Lionbridge is able to provide a complete portfolio of services and technologies that enable clients to seamlessly create, manage, and optimize global digital customer experiences across every channel including Web, email and social media platforms.

Clay Tablet’s connectivity platform and CMS connectors are among the most widely used and proven global web content solutions available. Clay Tablet’s clients include global brand leaders across industries that rely on Clay Tablet’s platforms to ensure secure, reliable multilingual content delivery between content systems and translation processes in one seamless flow.

“Our team of dedicated development professionals has built the world’s leading global web content connectivity solutions. By partnering with the global leader in translation, we will expand our market leadership, adding new value for our combined clients worldwide,” said Robinson Kelly, CEO of Clay Tablet Technologies. “We look forward to joining the Lionbridge team to further our shared vision of enabling clients to engage their customers any time, in any language across all digital channels worldwide.”

Lionbridge expects the acquisition to be neutral to earnings in 2014 and modestly accretive to earnings in 2015, including minimal acquisition and integration costs.

About Clay TabletClay Tablet’s unique integration software easily connects any number of content management systems to any translation provider or technology. Clients immediately benefit from Clay Tablet with improved translation process efficiency, making it significantly faster and easier to set-up, manage, send and retrieve translation projects. Based in Toronto, Canada, Clay Tablet Technologies works with a global channel partner network of content management and translation technology vendors, translation service providers and system integrators. For more information, visit www.Clay-Tablet.com.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our proprietary cloud technology platforms and our global crowd of more than 100,000 professionals we provide translation, online marketing, content management and application testing solutions that ensure global consistency and local relevance across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including expectations for accretion and earnings related to the acquisition of Clay Tablet in 2014 and 2015. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; Lionbridge’s dependence on clients’ product releases and production schedules to generate revenues; the loss of a major client or customer; the size, timing and recognition of revenue from major clients; customer delays or postponements of services; risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge’s ability to attract and retain key personnel; costs associated with and consequential to the acquisition and integration of Clay Tablet and benefits realized from the acquisition; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

WALTHAM, Mass. – October 08, 2014 — Lionbridge (Nasdaq: LIOX), today announced the addition of Mike Dallas to its Board of Directors. Throughout his 20-year career, Dallas has served a number of senior management roles. In his current position as senior vice president human resources, Dallas has worldwide responsibility for HP’s strategic HR practices and operations supporting nearly 300,000 employees in over 170 countries. He directs the Company’s global performance management, employee and labor relations, international acquisition integrations, business partnerships, and rewards and benefits.

“The addition of Mike Dallas to our Board underscores our commitment to expanding our global market leadership in globalization services through new offerings and by addressing new end markets. As we continue to scale our program management teams across more than 25 countries, Mike’s deep expertise in global workforce management and competitive, in-country compensation policies will be increasingly important,” said Rory Cowan, Lionbridge CEO. “We look forward to Mike’s insights and guidance as we grow our business across our global markets”.

Dallas is a member of HP’s Executive HR Leadership Team and part of several senior advisory committees including HP’s Welfare & Benefits Appeals, Global Citizenship, Data Privacy, Enterprise Risk Management and Crisis Response areas.

“I am delighted to join the Lionbridge Board of Directors,” said Dallas. “The Company has a unique leadership position in global crowd-in-the-cloud services, a growing portfolio of offerings and proven success in vertical market expansion. I look forward to helping the company continue its commitment to increasing value for clients, employees and shareholders worldwide.”

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, application testing, global content creation and management solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com

WALTHAM, Mass. – October 01, 2014 – Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that it has secured a new, four year contract with a world-leading research-based pharmaceutical and healthcare company valued at approximately $80- $100 million. With this agreement, Lionbridge will be the sole provider of global translation services across more than 90 languages. Through its proven global program management and highly-secure, cloud technology platforms, Lionbridge will support all of the client’s global content including clinical and regulatory materials, global communications, partner, training and development, legal and human resources content.

The client will rely on Lionbridge’s global scale expertise in life sciences, proven language technology platforms and strong project management and governance processes to drive the highest levels of efficiency, compliance, transparency and excellence across its global markets.

To support the client’s program worldwide, Lionbridge will combine cloud-based language management and workflow platforms with globally-aligned program management across its 38 offices in 26 countries.

“With a proven track record of managing complex global programs in highly-regulated environments, we are delighted this global pharma leader chose Lionbridge as its partner,” said Rory Cowan, CEO, Lionbridge. “We look forward to becoming a trusted, valuable partner for this client as our teams support their mission to help people do more, feel better, live longer.”

Lionbridge Life Sciences is a strategic practice of Lionbridge focusing on high-quality translation services, sophisticated linguistic validation and best-in-class solutions for Pharmaceutical, Medical Device, Clinical Research Organizations (CROs), Medical Publishing and Healthcare companies. Lionbridge life sciences teams work collaboratively with clients to turn sensitive, complex and frequently challenging content into highly relevant communications for local markets and regulating agencies across the world.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, application testing, global content creation and management solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com

Contact

Sara Buda
Lionbridge
(781) 434-6190

Forward-Looking Statements

This press release contains express or implied forward-looking statements, including statements relating to estimated revenues associated with the customer engagement referenced in this release. Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include; the termination of this contract or particular engagements prior to the end of their term; delays in ramp of customer programs; changes in forecast or demand for services by the customer or its partners, including as a result of regulatory changes affecting the pharmaceutical industry; changes in business or research strategies and investments by the customer; the size, timing and recognition of revenue; continued uncertainty, volatility or deterioration in global economic conditions that could negatively affect demand for the Company’s services; continued fluctuations in political, economic and business conditions, and additional downturns in worldwide economic conditions generally, and in the information technology and software industries specifically; Lionbridge’s ability to forecast revenue, profitability and customer demand; Lionbridge’s ability to perform services in lower cost operational locations; and customer delays or postponements of services. For a more detailed description of the risk factors associated with Lionbridge, Please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2014.

Lionbridge’s survey revealed that email has grown beyond the realm of traditional marketing. While over 70 percent of respondents use this digital channel for customer engagement and to communicate product news, more than 45 percent of respondents reported using email to address customer service inquiries and 58 percent of respondents use email to share relevant industry research and thought leadership content.

Key Areas for Improvement

Design for your global audience. More than 40 percent of survey respondents acknowledged that they do not localize or translate email copy, brand messaging, images, calls to action or web links, despite ongoing efforts to increase revenue from outside their native country. Additionally, nearly 75 percent do not maintain a list of regional preferences, creating inefficiencies in localization process.

Optimize for mobile. The study revealed that, while mobile devices are consumers’ preferred medium to read emails, only 42 percent of organizations are using responsive design to ensure recipients can effectively read and engage with their email messages via mobile.

Prepare for stricter privacy policies. Increasingly strict email privacy laws, such as the new Canadian anti-spam laws that recently took effect, are challenging hurdles for marketers. Even though complying with privacy standards is a basic expectation for marketers 47 percent of survey respondents applybuyer profiles to databases during the segmentation process vs. specifically asking the customer for their communication preference. Furthermore, 45 percent of respondents to the survey said they place no restrictions on the frequency of global email campaigns, which violates many anti-spam regulations.

“With the proliferation of mobile devices and increased global internet access, email has become the most common tool to directly communicate with customers and prospects,” explained Marc Osofsky, Senior Vice President of Marketing at Lionbridge. “Email enables organizations to reach a global audience easier and faster than ever before. At the same time, corporations are still struggling to consider culture, context, channel and compatibility when engaging with recipients. These should be areas of focus, especially as the email marketing industry continues to boom.”

Other Key Findings

Email marketing owners. More than 60 percent of respondents report using centralized email strategies in their corporate headquarters. However, even with a centralized approach, companies sometimes find that several business functions are emailing to the same lists based on their own schedules and objectives.

Measuring performance. Despite the sophisticated tracking capabilities of today’s email marketing systems, 74 percent of marketers still strongly rely on open rates to measure success. Less than half of respondents can actually tie email campaigns to their impact on sales revenue.

About the Study

For this study, Lionbridge polled more than 570 marketers from 25 countries during a three week period. Lionbridge has identified key insights within the report, using our industry expertise, to help marketers address the challenges of their current global email campaigns and to improve the effectiveness and efficiency of future campaigns. The full Lionbridge 2014 Global Email Survey can be found here.

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit www.Lionbridge.com.

Revenue of $130.5 million, an increase of $10.3 million or 9% compared to the first quarter of 2014 and an increase of $7.1 million, or 6% year-on-year, compared to the second quarter of 2013.

Revenue grew 9% year-on-year in the Company’s Global Language and Content (GLC) segment, led by ongoing marketing services growth within several large existing clients as well as new engagements during the quarter with clients outside of the Company’s top ten accounts.

GAAP net income of $3.8 million, or $0.06 per share, based on 63.4 million weighted average fully diluted common shares outstanding. GAAP net income increased $1.9 million, or $0.03 per share, sequentially compared to Q1 2014 and increased $0.3 million, or $0.00 per share, year-on-year compared to Q2 2013.

Non-GAAP adjusted earnings of $7.5 million or $0.12 per share. The Company defines non-GAAP adjusted earnings as net income excluding merger, restructuring and acquisition-related charges, asset impairment costs, stock-based compensation, and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

Cash flow from operations of $7.1 million for the three months ended June 30, 2014.

During the quarter, the Company acquired 505,000 shares of its common stock under its share repurchase program for an aggregate purchase price of $2.9 million.

The Company secured several significant new customer engagements in the quarter, including a market-leading global consulting firm, a global aerospace and defense company, and the games division of a large eCommerce company.

Lionbridge was also recently named the world’s number one language services company by independent market research firm Common Sense Advisory (CSA Research) based on size, revenue and service mix.

“Our solid second quarter results reflect ongoing revenue growth, particularly in our translation and marketing business. We are expanding our large accounts with ongoing growth in our marketing services offerings. Our new onDemand customer engagement model is scaling. And we continue to execute on our strategy to expand our business across new end markets,” said Rory Cowan, CEO of Lionbridge. “Despite potential hesitation within our largest account and related short-term slowdowns in our testing segment, we expect solid revenue, earnings and cash flow in the second half of 2014 with acceleration in 2015.”

Lionbridge provided an outlook for Q3 of 2014 with estimated revenue of $124-127 million.

Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning todiscuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 888-324-3186 and international callers can dial 630-395-0193. The pass code for the call is “Lionbridge”. The conference call will also be available live via this link.

Non-GAAP Financial Measures

In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. “Adjusted earnings” and “Adjusted Earnings per Share (EPS)” are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measure for these measures are net income and diluted net income per share and has provided a reconciliation of GAAP net income to adjusted earnings and adjusted earnings per share at the end of this release.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward Looking Statements.

This press release contains forward-looking statements that involve risks and uncertainties, including anticipated customer demand for the Company’s services, expected financial performance, expected revenue and profit growth, and the momentum, pace and strengthening of such growth in Q3 2014, H2 2014, FY 2014 and FY 2015. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge's actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge's ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially affect Lionbridge’s business; reorganization or restructuring initiatives of one or more major clients or customers, which may impact such customer’s demand or requirements for Lionbridge’s services; Lionbridge’s ability to expand its relationships with existing clients, including by offering its expanded range of services to existing customers; Lionbridge’s ability to broaden its client base; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the anticipated benefits of expansion of global language workflow technologies; the anticipated growth of its OnDemand, crowdsourcing and digital marketing service offerings; the impact of competing technologies and platforms on the Company’s existing customer relationships and ability to secure new customers; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions, and the timing of the realization of such benefits; errors, interruptions or delays in cloud-based technology; breaches of security measures; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate acquisitions and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure through hedge instruments and other strategies; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; continued uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; longer collection cycles in particular jurisdictions; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors resulting from its services or technologies; For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC's website at http://www.sec.gov.

WALTHAM, Mass. – July 24, 2014 – Lionbridge Technologies, (Nasdaq: LIOX) today announced that it has been recognized by Common Sense Advisory (CSA Research) as the world’s number one language services company in its 10th annual global industry research report, “Language Services Market: 2014.”

CSA Research, an independent market research firm, ranked language service providers based on size, revenue and service mix in 2013 in order to list the 100 largest, top-performing companies across the globe.

According to the report, Lionbridge continues to lead the language services industry in market share. In 2013 the Company grew its annual revenue seven percent year-on-year. This increase is due to increasing customer demand for Lionbridge’s portfolio of services, which includes translation, global marketing, interpretation and testing services.

The annual report also examined the anticipated growth of the outsourced language services and technology industry, which is predicted to surpass $37 billion this year, an expected annual rate of 6 percent. CSA Research contends that LSPs such as Lionbridge have been moving higher in the marketing automation chain as they add support for global marketing communications, customer care, and the customer experience. Growth will come from finding and fulfilling these new business requirements, as well as content authoring, transcreation, training, and application development.

“The language services industry continues to enjoy strong growth as organizations across industries continually seek new ways to reach, engage and support their customers, prospects partners and employees across all channels, platforms and devices,” said Rory Cowan, CEO of Lionbridge. “Lionbridge’s unique combination of skill, geography, and technology enables our clients to unlock greater levels of growth and success. As the top languages services company in the world, we look forward to furthering our clients’ global success through continued innovation, excellence and service.”

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com

WALTHAM, Mass., July 17, 2014 — Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced the general availability of the Lionbridge onDemand™ API. The onDemand API is the first translation API that provides support for a broad range of translation options, cost levels and content types. This enables technology platforms to write to a single API from the market leader in translation, rather than managing separate integrations and custom development with numerous providers.

The onDemand API is the first translation API to provide full support for the most common translation quality levels: specialist translation, professional translation, crowd translation, machine translation with human post edit and machine translation. The API also supports the broadest range of content types including text, documents, videos, emails, graphics, web apps, mobile apps and more.

“Software firms are looking to make translation a native capability within their platforms, but until now it has been costly and risky to write to multiple APIs to provide their clients with all of the desired translation options,” said Marc Osofsky, Chief Marketing Officer, Lionbridge. “By enabling technology platforms to write to a single API from one provider, we’ve greatly reduced the burden for technology platform companies and their enterprise clients.”

Unlike current translation APIs that offer a single translation quality option and limited content type support, the Lionbridge onDemand API is the first translation API that meets the top selection criteria for integration:

Robust – Supports over two dozen content types across all translation quality levels and price points, including machine translation, machine translation with post edit, crowd based translation and professional translation.

Stable – Provided by the world’s largest language services company with proven reliability, stability and professionalism.

“As the largest Language Service Provider and a Forbes Top 100 Trusted Company, Lionbridge is the natural provider of the first complete solution for integrated translation services,” said Rory Cowan, CEO of Lionbridge. “APIs are changing traditional software and service models by enabling seamless ‘Web to Web’ connections between disparate content systems. By providing the industry’s first complete translation API we are enabling our clients and software partners to finally meet user expectations for accessing global content seamlessly any time, any platform any geography.”

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

“Our digital marketing offerings are a cornerstone of our growth strategy. Global marketers across industries now rely on our proven crowd-in-the-cloud solutions to manage the complexity of real time, digital content, across geographies, platforms and languages,” said Rory Cowan, CEO of Lionbridge. “Darwin’s ideal combination of skill, geography and cost complements our global capabilities and provides high quality digital marketing services in the time zone of our clients’ US marketing teams. This addition also bolsters our presence in Latin America and allows us to efficiently scale our business to meet our clients’ evolving digital content needs.”

Darwin is an integrated digital agency that enables marketers and advertisers to more effectively create, manage and grow high-impact digital marketing campaigns. Darwin integrates world-class solutions to help marketing organizations run holistic campaigns across multiple channels. The company provides services for several long-standing clients including many brand leaders in the Latin America region.

Lionbridge is acquiring Darwin Zone for a total estimated cash consideration of approximately $2.4 million. The Company expects the acquisition to be neutral to earnings in 2014, including minimal acquisition and integration costs.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our proprietary cloud technology platforms and our global crowd of more than 100,000 professionals we provide translation, online marketing, content management and application testing solutions that ensure global consistency and local relevance across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including expectations for accretion, revenue and earnings related to the acquisition of Darwin Zone in 2014. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include the termination of customer contracts prior to the end of their term; integration expense; delays in integration; employee retention following acquisition; the loss of a major client or customer costs associated with and consequential to the acquisition and integration of Darwin and benefits realized from the acquisition risks associated with management of growth, transition and integration; the failure to keep pace with the rapidly changing requirements of its clients; Lionbridge’s ability to attract and retain key personnel;; risks associated with competition and competitive pricing pressures; and Lionbridge’s ability to forecast revenue and operating results. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

]]>http://www.lionbridge.com/lionbridge-announces-acquisition-digital-marketing-agency-darwin-zone/feed/0Lionbridge Named One of America’s Most Trustworthy Companies by Forbeshttp://www.lionbridge.com/lionbridge-named-one-americas-trustworthy-companies-forbes/
http://www.lionbridge.com/lionbridge-named-one-americas-trustworthy-companies-forbes/#commentsMon, 21 Apr 2014 13:24:34 +0000http://ldc.wp.lionbridge.com/?p=2237WALTHAM, Mass. – April 21, 2014 – Lionbridge (Nasdaq: LIOX) has been recognized by Forbes as one of the 100 Most Trustworthy Companies in America, receiving a score of 91 out of a best possible 100.

The Forbes list of the most Trustworthy Companies is published annually and is based on thorough examination of accounting and governance behaviors of more than 8,000 publicly-traded companies in North America. The companies are then ranked according to an “Aggressive Accounting and Governance Risk” (AGR) score on a 100-point scale, which also signifies their level of trust.

To compile the list, Forbes works with investment adviser GMI Ratings, who conducts a thorough examination to find “companies (that) have consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.”

“Since our inception we’ve remained dedicated to offering transparent, consistent and trustworthy services, while managing operations across 26 countries worldwide. This is why more than 800 companies rely on Lionbridge to manage their business-critical global content and communications,” said Rory Cowan, CEO of Lionbridge. “Our unwavering commitment to trust and integrity will always be our focus as we continue to expand our portfolio of services and meet growing demand for integrated, crowd-in-the-cloud globalization solutions.”

The full list of ‘America’s Most Trustworthy Companies’ can be accessed here.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com

WALTHAM, Mass., April 15, 2014 — Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that its onDemand platform is gaining increasing momentum as the first, enterprise-scale, transactional translation service in the market. In the first quarter of 2014, Lionbridge onDemand added ninety-eight active clients and grew revenue over 210% as compared to Q4 2013.

Lionbridge onDemand is an online platform that enables business stakeholders across the enterprise to quickly and easily order translation of all content types while maintaining brand consistency and controlling costs.

“As various functions across an organization increasingly rely on digital content to connect with customers, partners and employees globally, we have found significant demand for ‘transactionaltranslation’ – an ability to quickly translate a video, webpage, InDesign file, mobile app, or document in order to meet a deadline and still follow corporate policy,” said Marc Osofsky, Chief Marketing Officer, Lionbridge. “onDemand is the first transactional translation service that was designed to handle the complexity of enterprise requirements and address multiple content types within an easy-to-use point and click interface.”

OnDemand is being used by both existing and new Lionbridge clients. The 98 new onDemand clients in the first quarter span numerous industries such as financial services, manufacturing, life sciences, high tech, advertising, retail and hospitality. The client list also includes some of the largest companies with 15 of the Fortune 500.

“Lionbridge onDemand makes translation easy,” said Melissa Borza, Sr. Manager, Americas Marketing Operations at Equinix. “We have content in all different formats and Lionbridge onDemand gives us the best one stop translation shop while keeping our documents in their native formats. This has sped our time to market by eliminating the need to move translated content into our wide variety of templates. It has been a pleasure working with Lionbridge.”

“We use Lionbridge onDemand to translate our product packaging into several languages.” said Paul Cuthbert, Marketing Supervisor at GlyMed Plus. “We translate ingredients, directions and warnings into different languages and rely on the accuracy of Lionbridge to fulfill our translation needs. Lionbridge onDemand allows my design team to complete projects within deadlines so we can get our products out to market quickly.”

In addition to addressing demand for decentralized translation projects within enterprises, onDemand also makes it easy for a centralized marketing, localization or procurement department to provide a single common interface for all personnel to order translation easily via an approved process. This results in higher savings for the corporation and ensures a common brand voice across all markets.

“The early momentum for onDemand reflects the pervasive nature of digital content across the global enterprise. As a complement to our highly-successful enterprise sales force, onDemand provides an innovative, new demand aggregation model to address translation needs across various departments and functions in large global organizations,” said Rory Cowan, CEO of Lionbridge. “onDemand is yet another example of our strategy to build on our unique crowd-in-the-cloud model to bring new offerings and new delivery models to global enterprises across end markets.“

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

WALTHAM, Mass. – February 26, 2014 – Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that it has renewed its relationship for an additional six years with a leading provider of power and engine systems. The estimated value of this contract is over $100 million over its six year term. With this agreement, Lionbridge will be the preferred provider of global technical publications and will manage the program across Lionbridge solution centers in the US, UK, Germany, the Nordics and India.

Lionbridge supports the client across several programs for technical and non-technical services. This new contract is an extension and expansion of the largest program and provides opportunities for further expansion across other divisions and programs of the company.

“With a proven track record of managing complex programs for world-leading brands we are delighted this global leader chose Lionbridge as its partner,” said Rory Cowan, CEO, Lionbridge. “This agreement extends and expands our long-standing relationship and reflects our shared commitment to service excellence and innovation. Our consistently high quality ratings, global content expertise and engineering support experience will help our client further its mission to provide world-leading systems and services.”

As a leading provider of integrated power systems and services to the civil aerospace, defense aerospace, marine and energy markets, this Lionbridge client has a broad customer base comprising hundreds of airlines, thousands of aircraft and helicopter operators, hundreds of armed forces and thousands of marine and energy customers in more than 80 countries. To support this client’s mission to deliver world-class technologies and services, Lionbridge provides integrated technical authoring and illustration production that enables the company to create, manage and distribute effective maintenance and support information to its partners and customers worldwide.

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, application testing, global content creation and management solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Contact:

Sara Buda

Lionbridge

(781) 434-6190

sara.buda@lionbridge.com

Forward-Looking Statements
This press release contains express or implied forward-looking statements, including statements relating to estimated revenues associated with the customer engagement referenced. Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include; the termination of the customer engagement prior to the end of its term; the size, timing and recognition of revenue; the mix of services required by the customer and the countries of execution of the services; continued uncertainty, volatility or deterioration in global economic conditions that could negatively affect demand for the Company’s services; continued fluctuations in political, economic and business conditions, and additional downturns in worldwide economic conditions generally, and in the information technology and software industries specifically; Lionbridge’s ability to forecast revenue, profitability and customer demand; Lionbridge’s ability to perform services in lower cost operational locations; and customer delays or postponements of services. For a more detailed description of the risk factors associated with Lionbridge, Please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2013.

WALTHAM, Mass., February 18, 2014 — Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that its Business Process Crowdsourcing Practice recently secured three client engagements for crowd-based testing with market-leading mobile, consumer technology and insurance companies. The agreements are expected to generate more than $3 million in revenue.

Lionbridge was selected for its proven ability to engage multilingual crowds in the US and in multiple target markets worldwide, and its experience in delivering highly-effective mobile testing as a managed service. The new programs include:

An expanded multi-year program for a large Chinese consumer technology brand to verify local consumer sentiment in Asian, Middle Eastern and South American markets.

A new engagement with a leading global consumer technology brand in the Americas, Asia-Pacific and European markets to verify geo-location data.

A domestic mobile terrain testing engagement with a leading Fortune 100 U.S. automotive insurance firm to verify the performance of a new application under a variety of conditions on multiple devices.

For each engagement Lionbridge combines a dedicated crowd of pre-qualified, in-country professionals, a highly secure, proven task management platform and Lionbridge’s proven program management expertise. This unique combination enables Lionbridge to align the appropriate combination of skill, capability and geography to meet each client’s requirements.

“Lionbridge’s ability to deliver managed crowd testing anywhere, anytime, with native speakers in nearly any language, is a unique differentiator in the testing market,” said Martha Crow, senior vice president of Lionbridge’s Global Enterprise Solutions. “As global product development and deployment becomes an increasingly important strategy for brands to grow revenue, Lionbridge is recognized as a trusted world-leading partner with the solutions and infrastructure in place to support testing projects of any type.”

About LionbridgeLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains express or implied forward-looking statements, including statements relating to estimated revenues associated with customer engagements and the timing of expected customer demand for the Company’s services. Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue associated with such engagements; changes in the timing of customer demand for services; the duration of ramp and transition of new customer programs; changes in scope or duration of the programs; customer delays, postponement or reduction of services. For a more detailed description of the risk factors associated with Lionbridge, Please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2013.

Record revenue of $127.5 million, an increase of $13.6 million, or 12% year-on-year compared to the fourth quarter of 2012.

GAAP net income of $6.5 million, or $0.10 per share based on 62.4 million fully diluted shares outstanding, compared to GAAP net income of $3.3 million, or $0.05 per diluted share in the fourth quarter of 2012.

Non-GAAP adjusted earnings of $10.9 million or $0.18 per share. The Company defines non-GAAP earnings as GAAP net income excluding restructuring and acquisition-related costs, asset impairment, stock-based compensation and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

Cash flow from operations of $11.4 million during the quarter.

Ending cash balance of $38.9 million and long-term debt of $27.0 million.

“The fourth quarter marked yet another quarter of strong top line growth, solid earnings expansion and increasing cash flows. Our second half momentum and strong new business pipeline underscore that we have the right strategy, the right model and the right offerings to deliver sustainable annual revenue and earnings growth,” said Rory Cowan, CEO of Lionbridge. “As we apply our unique crowd-in-the-cloud model to new applications and new markets, we expect ongoing growth in 2014 and beyond.” Financial Highlights for Fiscal Year 2013 include:

Revenue of $489.2 million, an increase of $32.0 million, or 7% year-on-year compared to FY 2012.

GAAP net income of $12.0 million, or $0.19 per share based on 62.0 million fully diluted shares outstanding. This compares to GAAP net income of $11.3 million, or $0.19 per diluted share in FY 2012.

Non-GAAP adjusted earnings of $27.3 million or $0.44 per share. The Company defines non-GAAP earnings as GAAP net income excluding restructuring and acquisition-related costs, asset impairment, stock-based compensation and amortization of acquisition-related intangible assets. Please see the section of this release entitled “Non-GAAP Financial Measures” and the attached table for details and reconciliations of this measure to the comparable GAAP measure.

Appointed Richard Tobin, a former SVP of Operations for DigitasLBi, as Senior Vice President and General Manager responsible for Lionbridge’s language services business and global marketing operations offerings.

Announced and closed the acquisition of E5 Systems, a US-based, privately-held provider of application development and testing solutions. With E5 Systems’ annual revenue of approximately $4 million, the acquisition provides Lionbridge with access to long-standing relationships with clients in the hospitality and financial services industries and qualified development and testing professionals in the US and in Jinan, China.

Successfully expanded its global digital marketing offerings as Lionbridge worked with global brand leaders to manage and optimize digital marketing campaigns in international markets.

Introduced and secured several new clients for Lionbridge Business Process Crowdsourcing practice, a suite of professional crowdsourcing offerings that enable enterprises to increase productivity, maximize workforce elasticity and reduce costs through a highly flexible workforce model. The new offerings, which include data research and validation, in-country testing and crowd-based language services, enable Lionbridge to extend its proven, professional crowd solutions into new vertical markets.

Acquired 1.7 million shares of its common stock for an aggregate purchase price of $5.2 million.

Established a new five-year, $100 million global bank facility, which includes a $65 million revolving credit facility with an additional $35 million accordion feature. The new facility replaces the Company’s previous revolving credit facility. The Company plans to use the new facility to fund investments, including potential acquisitions.

“We exited 2013 with strong revenue and margin momentum year-on-year. We continued to grow our large, long-standing clients through innovative new solutions and offerings. We secured new business wins with multi-year commitments for recurring revenue. We continued to successfully expand our business into new vertical markets,” said Rory Cowan, CEO of Lionbridge. “Our achievements in 2013 serve as a platform for our continued revenue and earnings growth this year and beyond.” The Company provided revenue expectations for the first quarter 2014 with estimated revenue of $120-$123 million. Lionbridge also reiterated its expectations for FY 2014 revenue growth of 5-10% year-on-year with further growth in profitability. Lionbridge management will conduct a conference call at 9:00 a.m. ET this morning to discuss financial performance for the quarter and other matters, including matters related to its future performance. To participate, callers within the United States can dial 888-673-9804 and international callers can dial 312-470-7373. The pass code for the call is Lionbridge. The conference call will also be available online here or on the financial events page of the investor guide on the Lionbridge website www.lionbridge.comNon-GAAP Financial Measures In this release, the Company’s adjusted earnings and adjusted earnings per share are not presented in accordance with generally accepted accounting principles (GAAP) and are not intended to be used in lieu of GAAP presentations of results of operations. These measures are presented because management believes they provide additional information to investors with respect to the performance of our fundamental business activities. These measures are Non-GAAP financial measures and should not be viewed as alternatives to GAAP measures of performance. Management believes the most directly comparable GAAP financial measures for adjusted earnings and adjusted earnings per share are net income and diluted net income per share respectively, and has provided a reconciliation of these measures to net income at the end of this release. About Lionbridge Lionbridge Technologies, Inc. (NASDAQ: LIOX) is a provider of translation, development and testing solutions. Lionbridge combines global resources with proven program management methodologies to serve as an outsource partner throughout a client’s product and content lifecycle – from development to translation, testing and maintenance. Global organizations rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries and provides services under the Lionbridge and VeriTest brands. To learn more, visit http://www.lionbridge.com. Forward-Looking Statements This press release contains forward-looking statements that involve risks and uncertainties, including expected financial performance, anticipated customer demand for the Company’s services and expected revenue and earnings growth, the pace and strengthening of such growth, of Lionbridge in Q1 2014, and FY 2014, and the company’s planned use of its new credit facility to fund investments including potential acquisitions. These forward-looking statements reflect management’s current views and Lionbridge does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date hereof except as required by law. Lionbridge’s actual experiences, actions, financial and operating results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include Lionbridge’s ability to provide and maintain high quality services at a competitive price and related customer satisfaction with such service delivery; the loss of or reduction in demand from one or more major client or customer, which would materially affect Lionbridge’s business; Lionbridge’s ability to expand its relationships with existing clients; [the cost and timing of cost reduction and restructuring activities;] Lionbridge’s ability to broaden its client base; the Company’s dependence on clients’ product releases, production schedules and procurement strategies to generate revenues; the Company’s ability to attract and integrate new operational leadership; the anticipated benefits of expansion of global language workflow technologies; the impact of competing language technology on the Company’s existing customer relationships and ability to secure new customers; the ability of Lionbridge to realize the expected benefits of its technology initiatives and acquisitions, including E5 Systems, and the timing of the realization of such benefits; errors, interruptions or delays in SaaS-based technology, technology-enabled delivery platforms or Web hosting; breaches of security measures; risks associated with the financial aspects of the subscription model utilized in connection with the its SaaS-based technology offerings; the cost, complexity, timing and speed of continued development and enhancements technology initiatives, including customer and user acceptance of the Company’s services and technologies; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue from clients; the ability of Lionbridge to integrate acquisitions and expand its customer relationships and the timing and success of such activities; the impact of foreign currency fluctuations on revenue, margins, costs, operating results and profitability and the Company’s ability to successfully manage this exposure; the portion of the Company’s service engagements that are subject to the impact of foreign currency fluctuations; uncertainty and volatility in global economic conditions that could negatively affect demand for the Company’s services and technologies; reduced demand for the Company’s services that adversely impacts Lionbridge’s future revenues, cash flows, results of operations and financial condition; Lionbridge’s ability to perform services in lower cost operational locations and the timing of its transfer of service execution to such locations, and customer acceptance of service execution in such locations; risks associated with conducting business outside of the United States, including compliance with changing and potentially conflicting laws and regulations and expenses and delays associated with any such activities; risks associated with competition; Lionbridge’s ability to forecast revenue, profitability, technology adoption, customer demand and operating results; changes in tax rates applicable to the Company and changes to the interpretations of applicable tax rates; changes in interpretation of statutory and regulatory positions by international tax authorities in countries in which Lionbridge conducts business; changes in interpretation of employment and tax positions by U.S. state and federal authorities; the failure of Lionbridge to keep pace with technological changes or changing customer needs; the risk of claims by third parties of intellectual property claims; the ability of Lionbridge to respond to fluctuations in the complexity, timing and mix of services required by customers; and Lionbridge being held liable for defects or errors in its service offerings. For a more detailed description of the risk factors associated with Lionbridge, please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent filings with the SEC (copies of which may be accessed through the SEC’s website at http://www.sec.gov.

Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that it recently secured several new, multi-year, multi-million dollar engagements with organizations in the automotive, manufacturing, travel, technology and retail industries. Lionbridge estimates these programs will generate approximately $11-13 million of annual recurring revenue once these programs have fully ramped. The new programs include:

Appointment as the globalization partner for a key division of a multi-billion dollar European automotive manufacturer. As part of this appointment, estimated at $15 million over its five-year term, Lionbridge will be the unique globalization partner for the company’s After Sales and University division. Lionbridge will integrate its cloud-based language technology platforms and global program management capabilities to support the client’s online content across more than 23 languages. Lionbridge estimates this program will generate approximately $3 million per year once fully ramped.

A five-year, estimated $8 million agreement with the security and communications division of a world leading supplier of technology and services to the automotive, industrial and construction sectors. The client will rely on Lionbridge’s sophisticated workflow technology and a dedicated online portal to centralize and streamline all translation needs worldwide. The program is expected to generate $1.6 million in annual revenue for the duration of the contract.

A new, three year, estimated $5-6 million program with a global consulting, technology, innovation and talent company. As the company’s Global Corporate Language Services Vendor, Lionbridge will provide translation of the company’s internet sites, marketing and corporate communications content. Lionbridge estimates this three-year engagement will generate approximately between $1.0 and $2.0 million in annual revenue.

A master services agreement with a convention and visitors authority for a large, tourist-centric US city. As the sole provider of translation for the visitor authority’s frequently-changing website content, Lionbridge estimates this agreement will generate approximately $1.0 million in annual revenue.

A master services agreement with the largest car rental service provider in the world with wholly-owned operations across the UK, Germany, Ireland, France, Spain, the United States and Canada. Lionbridge estimates this agreement will generate approximately $1.0 million in annual revenue.

New engagements with a global leader in virtualization and cloud infrastructure. As the client consolidates and centralizes its translation processes, Lionbridge estimates that these engagements will generate approximately $2.0 million in annual revenue.

A new engagement with the corporate truck division of a large US car manufacturer. This engagement expands the long-standing relationship between Lionbridge and this client. Lionbridge expects this new program to generate $1.0 million in incremental revenue above existing program levels.

A new program with an existing client that provides Command, Control, Communications, Intelligence, Surveillance and Reconnaissance systems to government organizations. For this new engagement Lionbridge will provide technical engineering services for certain field support systems. Lionbridge estimates this new engagement will generate more than $1.0 million in incremental annual revenue.

“These new engagements underscore the growing demand for global crowd-in-the-cloud solutions that enable enterprises to effectively manage rapidly-changing online content and communications worldwide,” said Rory Cowan, CEO of Lionbridge. “We have the right strategy, the right technology and the right leadership in place. As a result, our teams are securing large-scale agreements with new clients across diverse end markets. 2014 will be an exciting year for Lionbridge as we extend our track record of establishing and growing strong client relationships with recurring revenue.”

About Lionbridge
Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 26 countries. To learn more, visit http://www.lionbridge.com.

Forward-Looking Statements
This press release contains express or implied forward-looking statements, including statements relating to estimated revenues associated with customer engagements and the timing of expected customer demand for the Company’s services. Lionbridge’s actual experiences and results may differ materially from those discussed in the forward-looking statements. Factors that might cause such a difference include; the termination of customer contracts or engagements prior to the end of their term; the size, timing and recognition of revenue; changes in the timing of customer demand for services; the duration of ramp and transition of new customer programs; changes in scope and work mix of the particular engagements; Lionbridge’s ability to forecast revenue, profitability and customer demand; customer delays, postponement or reduction of services. For a more detailed description of the risk factors associated with Lionbridge, Please refer to Lionbridge’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 15, 2013.